• Intel upsizes AI stock offering: Intel (INTC) increased its stock sale to $20B at $95 a share, targeting about $19.7B in net proceeds for capex and working capital as AI demand accelerates. The deal could rise further through a $2.25B underwriter option. Source: CNBC.
• Anthropic targets blockbuster IPO: Anthropic is preparing for a September or early October IPO at a $965B valuation, while reassuring investors on Chinese competition, political tensions, and AI infrastructure risks. Run-rate revenue topped $47B in May. Source: WSJ.
• OpenAI completes $7B share sale: OpenAI completed a roughly $7B employee tender offer at an $852B valuation, providing liquidity ahead of a potential IPO. Source: CNBC.
• Nvidia secures $500B for AI: Nvidia (NVDA) partnered with Apollo (APO), Blackstone (BX), BlackRock (BLK), Goldman (GS), and others to mobilize $500B for AI data centers and hardware. Source: BBC.
• Tech firms face addiction suits: A U.S. appeals court allowed over 3,000 lawsuits alleging youth social media addiction to proceed against Meta (META), Alphabet (GOOGL), ByteDance’s TikTok, and Snap (SNAP). Meta also failed to delay a multistate trial. Source: Reuters.
• Boeing takes a stake in Archer: Boeing (BA) agreed to sell Wisk Aero, SkyGrid, and Insitu to Archer Aviation (ACHR) for a 19.75% stake, sharpening Boeing’s focus on core operations while expanding Archer’s aircraft and defense portfolio. Source: CNBC.
• Samsung SDI buys GM venture: Samsung SDI (KRX:006400) will acquire GM’s (GM) 49.99% stake in their Indiana battery JV as weaker EV demand reshapes investment plans. Source: Reuters.
• Teledyne agrees to buy Varex: Teledyne (TDY) agreed to acquire Varex Imaging (VREX) for about $1.1B, or $18.90 a share in cash, expanding its healthcare imaging business. Varex shares jumped about 50% premarket. Source: WSJ.
• Lilly expands weight loss pill: Eli Lilly (LLY) won U.K. approval for Foundayo, challenging Novo Nordisk’s (NVO) lead with its Wegovy pill. Foundayo’s lack of food restrictions could aid adoption. Source: CNBC.
• Trump Media API & earnings: Trump Media (DJT) said more than 10 firms, mainly high-frequency traders, are paying $60,000-$100,000 monthly for faster Truth Social feeds. The firm also reported that Truth Social visits fell 36% YoY in July. Trump Media posted a $238.1M quarterly loss, largely from crypto declines. Sources: BBC / NY Times.
• Private equity exit backlog grows: PE firms held 33,575 unsold companies as of June — more than double a decade ago — as high rates and weaker software valuations impede exits. U.S. private equity returns have trailed major stock indexes since 2022. Source: NY Times.

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• Small business optimism climbs: U.S. small-business confidence rose to 99.8 in July as hiring plans jumped to their highest level since October 2022. Labor shortages remain the main constraint, with 36% reporting unfilled jobs and 27% citing worker quality or availability as their top problem. Source: Reuters.
• Oil climbs as Hormuz hopes fade: U.S. crude is rising above $84 and Brent is nearing $90 as prospects for a U.S.-Iran deal to fully reopen the Strait of Hormuz diminish. U.S. crude inventories sit at their lowest level in over four decades. Source: CNBC.
• Diesel prices surge on supply squeeze: U.S. diesel futures jumped 7.4% to $4.19 a gallon as refinery attacks in Russia and Saudi Arabia, the Hormuz blockade, and Russian export bans tightened global supply. U.S. inventories are at a three-decade seasonal low. Source: Reuters.
• China auto sales keep sliding: China’s domestic car sales fell 21.1% in July, marking a 10th straight monthly decline, while exports surged 88.2%. Some automakers are leaning more heavily on overseas growth as local demand weakens. Source: Reuters.

• Russia uses North Korean missiles: President Zelensky says Russia is using North Korean ballistic missiles in strikes on Ukraine, including in an attack on Zaporizhzhia that killed at least six people. Source: BBC.
• Assad sentenced to death: A Syrian court sentenced ousted President Assad, as well as his brother and cousin, to death for war crimes and crimes against humanity. The Assads remain in Russia. Source: AP.
• Colombia quake triggers emergency: At least 132 people were killed and 570 were injured after a magnitude 7.4 earthquake struck western Colombia, damaging more than 1,500 homes and disrupting airports. The government declared a national disaster. Source: BBC.
• Trump again targets vaccines: President Trump signed an order seeking to cut federally recommended childhood vaccines from 17 to 11, split MMR doses, and reduce school mandates, while repeating an unsupported autism link. The move is likely to face legal challenges but could affect vaccine demand. Source: WSJ.
• Midwest primaries held today: Minnesota and Wisconsin are holding competitive primaries today, with Democrats weighing progressive versus moderate candidates ahead of November. Source: NPR.
• U.S. posts hottest July on record: The contiguous U.S. averaged 76.9°F in July, the highest number in NOAA’s 132-year record and more than 3°F above the 20th-century mean. Extreme heat disrupted events, strained grids, and heightened climate-related risks. Source: WSJ.

• 8:15 AM: ADP Employment Change Weekly
• 10:00 AM: Existing Home Sales
• 4:30 PM: API Crude Oil Stock Change
• Wednesday: Core Inflation Rate MoM & YoY, Inflation Rate MoM & YoY
• Thursday: PPI MoM
• Friday: Retail Sales MoM, Michigan Consumer Sentiment Prelim.

Simon Property Group (SPG) has released its quarterly earnings.

• Revenue of $1.79B (+19.52% YoY) beats by $158.43M.
• EPS of $3.12 (-0.95% YoY) misses by $0.06.
• Financials · As Reported · Metrics · Press Release

Barrick Mining (B) has released its quarterly earnings.

• Revenue of $5.29B (+43.77% YoY) beats by $327.89M.
• EPS of $0.82 (+74.47% YoY) misses by $0.01.
• Financials · As Reported · Metrics · Press Release

Ferguson Enterprises (FERG) has released its quarterly earnings.

• Revenue of $8.75B (+27.33% YoY) beats by $139.48M.
• EPS of $3.39 (+123.03% YoY) beats by $0.11.
• Financials · As Reported · Metrics · Press Release

Rocket Lab (RKLB) has released its quarterly earnings.

• Revenue of $234.07M (+61.99% YoY) beats by $3M.
• EPS of -$0.08 in line with estimates.
• Financials · As Reported · Metrics · Press Release

Alcon (ALC) has released its quarterly earnings.

• Revenue of $2.78B (+7.95% YoY) beats by $13.26M.
• EPS of $0.84 (+10.53% YoY) beats by $0.08.
• Financials · As Reported · Metrics · Press Release

Sea Limited (SE) has released its quarterly earnings.

• Revenue of $7.79B (+48.09% YoY) beats by $650.35M.
• EPS of $0.70 (+7.69% YoY) misses by $0.15.
• Financials · As Reported · Metrics · Press Release

Elbit Systems (ESLT) has released its quarterly earnings.

• Revenue of $2.29B (+15.91% YoY) beats by $57M.
• EPS of $4.14 (+28.17% YoY) beats by $0.48.
• Financials · As Reported · Metrics · Press Release

CAVA Group (CAVA) will report today after close.

• Analysts estimate revenue of $358.73M (+28.93% YoY).
• EPS is estimated to be $0.18 (+12.50% YoY).
• Financials · As Reported · Metrics

Telecom Argentina (TEO) will report today after close.

• Analysts estimate revenue of $1.82B (+9.31% YoY).
• EPS is estimated to be $0.35 (n/a YoY).
• Financials · As Reported · Metrics

Brinker International (EAT) will report tomorrow before market open.

• Analysts estimate revenue of $1.53B (+4.88% YoY).
• EPS is estimated to be $3.08 (+23.69% YoY).
• Financials · As Reported · Metrics

Stantec (STN) will report tomorrow after market close.

• Analysts estimate revenue of $1.30B (+12.75% YoY).
• EPS is estimated to be $1.15 (+17.35% YoY).
• Financials · As Reported · Metrics

Silicon Laboratories (SLAB) will report tomorrow before market open.

• Analysts estimate revenue of $228.40M (+18.44% YoY).
• EPS is estimated to be $0.58 (+427.27% YoY).
• Financials · As Reported · Metrics

Ultrapar Participações (UGP) will report tomorrow after market close.

• Analysts estimate revenue of $8.72B (+45.07% YoY).
• EPS is estimated to be $0.27 (+58.82% YoY).
• Financials · As Reported · Metrics

Coherent (COHR) will report tomorrow after market close.

• Analysts estimate revenue of $1.98B (+29.68% YoY).
• EPS is estimated to be $1.58 (+58.00% YoY).
• Financials · As Reported · Metrics

Nu Holdings (NU) will report Thursday.

• Analysts estimate revenue of $5.47B (+49.23% YoY).
• EPS is estimated to be $0.19 (+46.15% YoY).
• Financials · As Reported · Metrics

• Estimated Wednesday, Aug. 12: Londian Wason New Energy Tech Inc. (FOIL), a Chinese copper foils producer with $1.56B in TTM revenue and 24.88% revenue growth YoY.